Group Health Insurance

What is group health insurance?

A group health insurance (GHI) provides health insurance coverage to employees or members of an organization. Usually, it is offered as a part of employee benefits by most organizations/employers as they bear the premium paid towards the policy.

Also known as corporate health insurance or group mediclaim policy, the coverage benefits can also be extended to the family members of the employees based on the type of plan opted for.

Why buy group health insurance for your employees?

Tailor-made benefits

Unlike any retail health insurance plan, group medical insurance is highly customizable according to your needs. In simple words, you only pay for what you choose.

Tax benefits

Employers can claim tax benefits when they pay a premium for group medical insurance, according to the Income Tax Act of 1961.

Improve job satisfaction

60% of employees feel benefits can improve job satisfaction. Healthcare benefits like group health insurance can lead to an engaged and productive workforce.

Financial protection

The COVID-19 pandemic and lifestyle diseases are the major reasons for hospitalization now. Offering the group mediclaim insurance policy for employees can play a big role in financially securing your employees during any medical emergencies.

Enhance employee retention

“The grass is greener on the other side”. So, don’t let your team look on the other side. By offering competitive healthcare benefits like a group health insurance policy with maximum benefits apart from the regular wages, you can improve employee retention.

Employer branding

Offering a group health insurance policy with added benefits can promote goodwill generation and attract talent. What’s better than hearing “This workplace is awesome”

List of group health insurance companies in India

S.No.

Insurers

Claim settlement ratio

Network hospitals

Aditya Birla group health insurance

70.81%

9000+

Bajaj group health insurance

92.24%

6500+

Care group health insurance

95.47%

8300+

Chola MS group health insurance

56.25%

10000+

HDFC Ergo group health insurance

86.52%

13000+

ICICI Lombard Group Health Insurance

78.67%

6500+

Niva Bupa group health insurance

89.46%

7600+

SBI group health insurance

66.08%

6500+

Star group health insurance

78.62%

12000+

Tata AIG group health insurance

76.04%

7200+

What should your group health insurance cover?

In-patient hospitalization expenses

Cover all your in-patient hospitalization expenses depending on the terms and conditions of the policy.

Cashless claims

Don’t pay a penny at network hospitals. Employees can easily avail cashless claims with just their phones.

Pre-existing diseases coverage

All your pre-existing diseases are covered from day 1 of the policy.

Maternity coverage

Have a young team? Opt for maternity insurance as an add-on with your group health insurance plan

Pre and post hospitalization expenses

Depending on the type of plan and benefits opted the pre and post hospitalization charges are covered.

Covers family

Opt for plans to include spouse, children and parents parents in the group health insurance policy at lower prices than a retail plan.

Covid-19 coverage

All hospitalization expenses related to Covid-19 are covered by your corporate medical insurance.

Features of group health insurance plan

Customizable benefits at affordable premiums

A group health insurance policy is always customizable according to your group size and needs. You can choose your add-ons and copay.

No-medical tests required

Unlike a retail health plan, your group health insurance does not require medical tests before purchasing the policy.

0 waiting period

Unlike your retail plan, your group mediclaim plan has 0 waiting period for covering pre-existing diseases.

Cashless network hospitals

Employees and their dependents covered in the policy can go cashless at all network hospitals offered by your insurer.

Covid hospitalizations covered

Now all your group health insurance plan provides coverage for hospitalization expenses to Covid-19 once you are tested positive.

Group health insurance from Pazcare

Pazcare aims to make employee insurance experience seamless by reducing work for HRs and enabling employees to make the most out the policy.

One point of contact

No waiting on customer support calls. From the day you purchase the GHI policy, you will have a dedicated SPOC to handle your employees and help you out at all times.

Not just a broker, but your consultant

We’ll help you understand what’s the best suitable policy for your team. We are not a traditional broker with limited group health insurance options for you.

The super top-up feature

Your employees can increase the sum insured and add more members to the plan on their own using the super top-up feature.

Beyond just health insurance!

Now go a level further by adding health and wellness plans like therapy, wellness sessions, unlimited doctor consultations, and many more to your group health insurance policy.

Policy coverage from day 1

Policy is activated as soon as you buy and employees can use their insurance from day 1.

Pazcare dashboard advantage

Manage your policy, add/delete employees, and access employee and family details without hassles at one place using the employer experience dashboard.

HRMS integration

Pazcare dashboard can be easily integrated with your HRMS to automate endorsements.

Mobile app for employees

Easy access to policy details, inclusion and exclusions using the mobile application.

Digital health card

Forget papers! The health insurance ID card is available for download at any time in your mobile app.

24X7 customer assistance

We offer your 24X7 assistance on filing and tracking claims or any other support you require.

Prioritise Employee Health

Your employees’ health should be of utmost importance to you.

Increase Employee Productivity

Enhanced healthcare benefits help keep your employees focused at work.

Give more than they ask

Shower your employees with abundance of care and affection
by offering a comprehensive
group plan.

What does your Group Health Insurance Include?

Cashless Claims

Walk into any network hospital and get yourself treated cashless.

Covid 19 Coverage

With unprecedented outbreak nearing anytime, coverage for covid related diseases is necessary.

Maternity Coverage

You can opt for maternity coverage in your group plan at low cost.

Pre-existing
diseases covered

Your pre-existing diseases will be covered from day 1.

More benefits at a
lower premium

Employee health insurance plan is more cost effective and can cover the healthcare needs of your family.

Pre and Post
Hospitalisation Expenses

Depending on the policy, your employees can claim pre and post hospitalisation charges